Pundits/carnival barkers get way ahead of themselves. Best to ignore and focus upon current market dynamics. All markets can turn on a dime and right now the short term fundamentals are a little over the top for me personally so I revert to what price is telling me on the charts. To predict GU to 1.70's at this point in time is pretty ignorant imho.
Back in Greenspan days I always used to think the eco stats were massaged at will. We also had the PPT at the CME (Fed plunge protection team). There are times when that wary feeling returns and this is one of those times. A currency battle feels in the making.
Stops have the power to set us free. Always know where your trade entry idea is invalidated and admit you were wrong.
I like watching Ashraf handling the carnival barkers when he is in top form. They are left almost speechless when all they wanted to know was what to buy.
NYSE internals strong on this rally up today. Breadth c.2000, vold c.711k, vix trended down well, trin mega bullish territory, tick averages up all session. No disputing risk appetite today, further confirmed by CL and GLD
Try publishing this in the UK weekend papers: Traders bet BankofEngland will raise rates to 6.25% --highest since 1… https://t.co/GWXrTEAk4R(10 months ago)
Poor start to a slow market day as Ezone PMIs disappoint. Im still keeping an eye on the rare (-2%) USD-GOLD combo,… https://t.co/UyRzWsRbs7(10 months ago)
-5% YTD is not good, while -7% from the year highs can be tough. Gold traders have their eyes fixated on this for n… https://t.co/NV5UMKsfNo(10 months ago)
ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (10 months ago)
Jobless claims > 300k before next FOMC meeting would be ideal for Fed to make up for any CPI upside surprise (10 months ago)
"Cook & Eat at Home" scheme may come next to defeat UK inflation... (10 months ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(10 months ago)
إستعمال تحليل الإنترماركت والتحليل الفني الكلاسيكي لتداول الذهب و الناسداك و السندات. شاهد هنا
Using intermarket technicals analysis to trade XAUUSD Nasdaq100 and Bonds.Watch here.
Latest Hot-Chart - May 16
Dax 200 DMA Deviation
You remember we went short Dax40 in late March based on the 13% 200 DMA extension, which gave us at least a 500-pt gain.
View Hot-Chart..
Stops have the power to set us free. Always know where your trade entry idea is invalidated and admit you were wrong.